Biometrics in the healthcare context primarily refer to patient identification and provision of access control to users. Biometrics are also used for detecting fraud, and securing information of patients recruited for clinical trials. Healthcare insurers in the U.S. face a lot of fraud and misrepresentation of information to claim as paid benefits. According to the Federal Bureau of Investigation (FBI), in 2015, 3-10& of the total healthcare expenditure is attributed to fraudulent billing to public and private health care programs. According to the Coalition Against Insurance Fraud, an anti-fraud watchdog group, in the U.S., around US$ 80 billion are lost annually to Medicare fraud.
Healthcare biometrics is an optimal solution for data security and fraudulent claims, and can save billions of dollars spent by the government and healthcare insurers. Secured identification of patients is essential to control logical access to centralized archives of digitized patients’ data and also limit physical access to hospital wards and buildings, and to authenticate medical personnel.
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The global healthcare biometrics market size was valued at US$ 3,137.04 million in 2019, and is expected to exhibit a CAGR of 22.4% over the forecast period (2019 – 2027).
Increasing adoption of healthcare biometrics in various healthcare organizations and hospitals is expected to drive growth of the global healthcare biometric market
Most of the hospitals and healthcare organizations are using biometric systems to ensure safety of the patients’ data, and to secure identification process of patients. For instance, in October 2015, Bethesda Health, Inc. launched RightPatient, a biometric patient identification system for managing patients’ identity (Siemens Invision EHR workflows) at two not-for-profit hospitals, namely, Bethesda Hospital East and Bethesda Hospital West.
Moreover, in August 2017, Malaysia’s immigration department launched a biometric fingerprint identification system for foreign workers undergoing medical check-ups. This biometric system then cross-verifies the information with Malaysia’s immigration system (myIMMs).
Global Healthcare Biometrics Market - Regional Insights
On the basis of region, the global healthcare biometrics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to witness significant growth in the global healthcare biometrics market owing to increasing launches of medical biometric systems by major players in this region. For instance, in February 2018, Applied Health Analytics, LLC launched bMetrix, a screening application that helps to automate collection of biometric data. This new system allows clinicians and wellness screeners to accurately gather information at onsite and retail clinics, and biometric screenings, and health fairs. bMetrix supports most popular biometric diagnostic devices such as CardioChek and Cholestech LDX.
Asia Pacific is also expected to witness considerable growth over the forecast period owing to increasing initiatives by healthcare providers and hospitals in the region. For instance, in September 2018, the Jiangxi Provincial People’s Hospital in China deployed self-service payment terminals, equipped with Alipay’s face recognition technology. It is the first hospital in China to offer facial recognition-based medical bill payment services.
Global Healthcare Biometrics Market - Competitive Landscape
Key players operating in the global healthcare biometrics market include BIO-key International, Fujitsu Limited., 3M Cogent, Inc., MorphoTrust, Imprivata, Inc., Crossmatch Technologies, Inc., Toshiba Medical System Corporation, NEC Corporation, Hitachi Ltd., Integrated Biometrics, and Qualcomm Technologies, Inc.
Market Dynamics
Technological advancements in the healthcare biometric market are expected to drive growth of the global healthcare biometrics market. For instance, in October 2017, Right Patient and GE Healthcare-owned Caradigm entered a strategic partnership to launch a new patient biometric ID system. This new technology reduces patient chaos and medical errors as well as reduce costs.
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However, data security breaches such as data-hacking are expected to hamper growth of the market. For instance, according to the Fortune Media IP Limited report, in 2015, fingerprints of 5.6 million workers were stolen from the U.S. Federal Government Office of Personnel Management.
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